Craig Mccaw Net Worth is$1.5 Billion
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Profession: Businessperson, Investor, Entrepreneur
Date of Birth: Aug 11, 1949
Nicknames: Craig Mccaw
Country: United States of America
Craig McCaw net worth: Craig McCaw is an American businessman with an estimated net worth of $1.5 billion which makes him one of the richest people in Washington. Born in Centralia, Washington, Craig McCaw graduated from Stanford University and decided to focus on rebuilding his family's struggling broadcasting company after finishing school. Using the money from their last remaining cable company, he rebuilt their broadcasting network, and by the 80s, his family's firm was the 20th largest cable carrier in the United States. He also began to invest in the cellular industry in the 80s, and went on to sell portions of MCI to Comcast, and his own cellular company to AT&T. He also pulled Nextel back from the brink of failure, and went on to sell it to Sprint. Each sale was a multi-billion dollar transaction. At one point, he was the highest paid CEO in the United States. He also founded the Clearview Corporation, a national broadband company, in 2004. Craig and Wendy McCaw had one of the most expensive divorces ever when after she received a $460 million settlement.
Craig McCaw (born August 11, 1949 in Centralia, Washington) is a Seattle-area businessman and entrepreneur who achieved success as a pioneer in the cellular phone industry. He is the founder of McCaw Cellular (now part of AT&T Mobility) and Clearwire Corporation.
Craig is the second of four sons of Marion and John Elroy McCaw. McCaw's father was a broadcasting magnate. He was in the business of buying and selling TV and radio stations, which brought in wealth but also incurred significant debts. Elroy entered the cable television business in the 1960s, and his four sons worked as linemen and door-to-door salesmen.
When Elroy died, the only company not sold to repay the debt was the small Centralia cable company with estimated 2,000 to 4,000 subscribers, which was in trust. During his senior year at Stanford, Craig took the helm of the cable company and set out to rebuild his family name. He used the cash flows from his growing cable company to purchase other remote cable companies, resulting in a profitable conglomerate. By the 1980s, McCaw Cablevision was the 20th largest cable carrier in the United States.
When the FCC held a lottery for cellular licenses in the early 1980s, many ordinary Americans got rich by winning the right to establish cellular systems in cities across America. In addition to entering the lottery himself, McCaw approached many other lottery winners and bought their cellular rights, which were already considered to be undervalued. Using the same tactic he'd used in cable TV, McCaw financed an aggressive cellular expansion by borrowing against and selling shares in the cable operation. Through continued borrowing and smart management of only the most useful licenses, this wireless land grab put McCaw's operation in the position of a competitive nationwide cellular carrier before the incumbent landline telephone industry took serious notice of the field.
After acquiring MCI's cellular wing in 1986, the McCaw brothers sold the cable c

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Craig Mccaw Latest News

Alphabet's Loon recruits high-powered mobile veterans to serve on board

On Tuesday Alphabet announced a new advisory board and said one of the founding members will be Craig McCaw, who started McCaw Cellular. McCaw Cellular was one of the first cellular companies in the ...
Posted: January 15, 2019, 11:08 am

The Nine Most Expensive Divorces Of All Time

The divorce is still the most expensive split in Hollywood. Robyn walked away with $425 million. Craig McCaw and Wendy McCaw, 1997: $460 Million Nextel executive Craig McCaw paid his ex, newspaper ...
Posted: April 11, 2019, 4:43 am

Stanford trustees approve budget and construction projects and honor departing members

Denning said McCaw, who was a strong advocate of increasing financial aid for international students, created a scholarship for international students with her husband, Craig. McCaw served on the ...
Posted: June 19, 2017, 1:33 pm
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